What happens in the event of unpaid cheques?

When canceling an unpaid cheque on a payment account, a technical flow takes the amount due from the initially credited payment account plus the management fees from your SC account. If the payment account to which the cheque was originally credited no longer has the amount, the unpaid cheque amount is debited from your SC account as well.

In the case that your payment account (SC) does not have a sufficient balance to cover the management fees and the debt, the debt cannot be recorded. We will contact you to ask you to add credit to your account.

The original bank documents are sent to the partner by tracked post.

Note

The unpaid bills of your customers, as well as the associated costs, are therefore all and without exception at your expense, as stipulated in your contract.

 

Reasons for a cheque to be rejected

In the vast majority of cases, an unpaid cheque is due to a lack of funds in the bank account.
It may also be due to other less common cases, such as:

  • Opposition
  • Loss
  • Theft
  • Fraudulent use
  • Receivership
  • Judicial liquidation

The non-compliance of a cheque due to crossing out, forgery, or forgetting to sign it may explain the rejection of the cheque.

 

Time limit within which a cheque can be unpaid

Unpaid cheques are reported by the bank several days after the cheque has been cashed. A non-payment on an NSF (Non-Sufficient Funds) cheque can occur within 8 working days. This period depends on the debited bank but corresponds to what most banks do.

On the other hand, in the event of opposition, the deadline is 60 days.

 

Declare a bad cheque

We only process cheques issued by French banks.

👉 For more information on the receipt of bad cheques, please consult the article of the French Public Service.

 

Was this article helpful?
0 out of 0 found this helpful